CloudPay
CloudPay offers global payroll, payments, and on-demand pay solutions through a unified cloud-based system, serving customers in over 130 countries with over 25 years of experience.
Services
CloudPay offers a range of solutions including Global Payroll, Global Payments, and Global Pay On-Demand. Their managed pay services operate on a unified global, cloud-based system, ensuring seamless and integrated payroll management. CloudPay also provides a comprehensive analytics module for real-time global reporting, ensuring deep insights and informed decision-making. Through its CloudPay NOW app, the company delivers on-demand pay and employee wellbeing content, enhancing employee experience and satisfaction.
Global Reach and Customer Base
CloudPay serves customers in over 130 countries, processing more than 1 million payslips annually. The company's services handle over $24 billion in payment transactions across 168 currencies, reflecting its extensive global reach. With offices in the UK, USA, Spain, France, Hungary, Costa Rica, Italy, China, Singapore, and the Philippines, CloudPay demonstrates a formidable presence in key global markets, ensuring localized support and compliance with regional payroll regulations.
Partnerships and Integrations
CloudPay partners with leading Human Capital Management (HCM) technology providers like Workday, Oracle, HiBob, and SAP Successfactors. These partnerships enable seamless integration, enhancing payroll efficiency and data accuracy. Additionally, CloudPay has partnered with Visa to offer instant salary payments, providing employees with faster access to their earnings. The automated data validation functionality further reduces payroll errors and delays, enhancing overall efficiency.
Funding and Acquisitions
In 2021, CloudPay raised $58 million in funding and followed up with an additional $50 million in 2022. These significant funding rounds underscore investor confidence in the company’s business model and growth prospects. Furthermore, CloudPay acquired Wezaam Advanced Technologies S.A. in 2021, enabling the company to broaden its technological capabilities and service offerings.
Compliance and Expertise
CloudPay ensures compliance with global payroll and payment regulations, a critical aspect of payroll management. The company’s structured onboarding process, supported by dedicated in-house experts, guarantees a smooth transition for new clients. CloudPay's unified ecosystem manages end-to-end global payroll functions, simplifying administrative requirements with a single contract for payroll management.